Business
Bingo agrees to $2.3b Macquarie takeover deal – Sydney Morning Herald
The waste giant has announced it would be acquired by Macquarie Infrastructure and Real Assets and its managed funds in a $2.3b deal.
Waste manager Bingo Industries, which started with just four garbage trucks in 2005, has been bought by Macquarie Infrastructure and Real Assets and its managed funds in a $2.3 billion deal.
It will end an impressive run for the company founded by the Tartak family that still owns a 19.8 per cent stake in the company which listed on the ASX in 2017 at $1.80 a share.
Under the deal, Bingo investors will have the option to receive $3.45 per share or a mix of cash and unlisted scrip for the business…
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